Banking Supervision

Sanctions imposed by the Banco de España

Under the provisions of Art. 115.7 of Law 10/2014 of 26 June 2014 on the regulation, supervision and solvency of credit institutions, the Banco de España shall publish on its website the sanctions and reprimands imposed in relation to serious and very serious infringements within 15 working days from the date on which such sanctions and reprimands have become final pursuant to administrative proceedings. Where appropriate, and if it is so resolved, the identity of the person subject to the sanction or reprimand may remain confidential.

In compliance with this obligation, the following table includes a reference to the aforementioned sanctions and reprimands imposed by the Banco de España since the entry into force of Law 10/2014, referring to the appeals for judicial review, if any, lodged against the sanctioning resolution, and the outcome thereof.

Publication date Information on infringements and sanctions imposed Decision date Status
18/08/17

Fine totalling €70,000, provided for in Article 10. a) of Law 26/1988, of 29 July 1988, on the discipline and intervention of credit institutions (substantive rule on sanction proceedings, applicable in view of the time of the commission of the infringement), imposed on a credit institution for the commission of a serious infringement, as defined in Article 15 of Royal Decree-Law 6/2012, of 6 March 2012, on urgent measures to protect mortgage borrowers without resources, involving the breach of the obligation to provide information established in Article 5.9 of said Royal Decree-Law, the infringing conduct being limited to a single case with limited economic impact.

09/05/17 Final decision
03/08/17

Fine totalling 1,920, provided for in Article 98.1.a) of Law 10/2014 of 26 June 2014 on the regulation, supervision and solvency of credit institutions (having applied the reduction for voluntary payment, legally established in Article 85, paragraphs 2 and 3, of Law 39/2015 of 1 October 2015 on the general government common administrative procedure), imposed on a credit institution for the commission, in respect of a specific customer, of a serious infringement involving the breach of Article 3.bis.I) of Law 2/1981 of 25 March 1981 on regulation of the mortgage market, such breach being occasional or isolated in nature.

28/07/17 Final decision